Why Adaptimmune Therapeutics (ADAP) Stock Is Moving
Portfolio Pulse from Henry Khederian
Adaptimmune Therapeutics (ADAP) shares surged by 15.8% to $1.17 after announcing a clinical collaboration with Galapagos to license uza-cel for head & neck cancer treatment. Uza-cel has shown an 80% response rate in Phase 1 trials, and the collaboration aims to enhance its efficacy and delivery speed.
May 31, 2024 | 2:28 pm
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Adaptimmune Therapeutics' stock rose by 15.8% following a clinical collaboration with Galapagos to license uza-cel for head & neck cancer treatment. Uza-cel has shown an 80% response rate in Phase 1 trials, and the partnership aims to improve its efficacy and delivery speed.
The significant stock price increase of 15.8% is directly tied to the positive news of a clinical collaboration with Galapagos, which aims to enhance the efficacy and delivery speed of uza-cel, a treatment showing promising Phase 1 trial results.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100